Introduction to HKD.com P2P Trading

Introduction to HKD.com P2P Trading

1. What is P2P Trading?

Peer-to-peer (P2P) trading, also known as customer-to-customer (C2C) trading in some regions, enables users to directly buy and sell cryptocurrencies on P2P platforms, trading platforms, or markets. As facilitators of these transactions, P2P platforms provide channels for buyers and sellers to publish quotes. Concurrently, online digital asset custody services ensure the secure and timely delivery of digital assets during transaction execution.

2. Are the quotes seen in the P2P market provided by HKD.com?

No, the quotes displayed in the P2P market are not provided by HKD.com. HKD.com serves as a facilitator for P2P trading, with quotes being supplied by individual users.

3. How does the platform protect P2P traders?

All online trades are protected through custody services. After an advertisement is posted, the corresponding amount of cryptocurrency is automatically reserved from the seller's fiat account. This means that if the seller does not release the cryptocurrency, our customer service staff can pay the reserved cryptocurrency to the buyer. Conversely, sellers should refrain from releasing the cryptocurrency until they confirm receipt of payment from the buyer. It's important to note that certain payment methods used by buyers may not support real-time settlement, posing the risk of payment reversal.

4. Can trading be conducted without identity verification?

No, all HKD.com users are required to complete identity verification to utilize HKD.com products and services, including P2P trading. You can refer to the HKD.com real-name authentication process for completing identity verification.

5. Can P2P be used on the website or APP?

Yes, you can engage in buying and selling cryptocurrencies on HKD.com P2P through both the HKD.com website and HKD.com APP.

6. What are the fees for HKD.com P2P?

HKD.com P2P charges a fee of 0.2% to the maker of each completed order, applicable to any currency within P2P trading. Please be aware that certain payment methods may incur additional fees charged by service providers.